🚨 SOL On-Chain Move Draws Attention
A notable on-chain transfer has just been spotted involving Solana (SOL). According to ChainCatcher, with data from Arkham, around 216,700 SOL was transferred from BitGo Custody to the Fidelity FSOL ETF at 03:43.
This movement is being closely watched by the market, as large transfers to ETFs often signal institutional positioning rather than retail activity. While SOL’s price showed short-term volatility, such flows highlight the growing role of traditional finance products in the crypto ecosystem.
Market participants will now be monitoring whether this transfer translates into long-term accumulation or simply operational ETF rebalancing.
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